UK MPs pass emergency bill to rescue troubled British Steel
The bill will hand Business Secretary Jonathan Reynolds extensive powers to direct British Steel’s staff and operations.
Shares in the main iron ore miners — Vale (NYSE:VALE), Rio Tinto (ASX, LON, NYSE:LON) and BHP Billiton (ASX, NYSE:BHP) — reached an almost one-year high after the steel making commodity recovered from hitting a three-year low of $87.50 in early October....
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